Does USDC require KYC?

Question

Does USDC require KYC?

Please log in or register to answer this question.

2 Answers

Related questions

bivas54 · Answer 1 · 2024-03-19T20:35:22+0000

To acquire USDC on a crypto exchange in the U.S., individuals undergo a two-step process: Know Your Customer (KYC) verification involving ID and address proof for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CTF) compliance, followed by limits on purchase amounts over time to prevent market

Muzzammil56 · Answer 2 · 2024-03-19T20:35:43+0000

Yes, USDC (USD Coin) does require Know Your Customer (KYC) verification for users who wish to convert their fiat currency into USDC or withdraw USDC to fiat currency. KYC procedures are in place to comply with regulatory requirements and prevent fraud and money laundering.

Does USDC require KYC?

Please log in or register to answer this question.

2 Answers

Please log in or register to add a comment.

Please log in or register to add a comment.

Related questions